Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao
: $83.97 per tonne, up $2.90 per tonne
62% Fe low-alumina fines, cfr Qingdao
: $85.50 per tonne, up $3.33 per tone
58% Fe fines high-grade premium, cfr Qingdao
: $74.76 per tonne, up $4.12 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao
: $102.10 per tonne, up $5.40 per tonne
62% Fe fines, fot Qingdao
: 647 yuan per wet metric tonne (62% Fe China Port Price
: $83.48 per dry tonne), down 5 yuan per wmt.
Futures prices on the Singapore Exchange and Dalian Commodity Exchange both moved up during the day, following steep losses the previous day that some participants described as a result of panic selling.
Fixed price transactions picked up on Tuesday, though the market’s focus remained on the supply uncertainty from South Africa following the 21-day nationwide lockdown in the...